Job: Supervisory Accountant- Assumed Reinsurance

Title Supervisory Accountant- Assumed Reinsurance
Salary Comensurate With Experience
Location New York City
Job Information

Our client; a Global insurance company, is seeking a Supervisory Accountant for its Assumed Reinsurance business in their New York office. The P&C Overseas Association is the entity used to aggregate business written/assumed by foreign branches and affiliate offices to facilitate cessions to the external reinsurance market. The right individual will provide ownership and control of the reinsurance activity flowing into and out of O.A. and maintained by the P&C Reinsurance Accounting Department.


Assist the Assumed Manager in the overall management of the routine functions of the unit.

Ensure timely confirmation of inter-company balances (premiums, claims, premiums adjustments, commission, brokerage, taxes, funds held, etc.) in accordance with contract terms and department procedures.

Compile and analyze financial information to prepare and post entries to general ledger accounts.

Manage the staff accountants with respect to the reviewing general ledger functions to assist with accounting activity and quarterly closings.

Oversee the preparing/reviewing quarterly reconciliations of balance sheet accounts to general ledger and related analytics.

Work with staff to detect, research, and resolve reconciliation items.

Assist in the preparation of various schedules (F, 13, 16, 20, and 22) and analysis required for internal and external reporting on a GAAP, Statutory and management reporting basis.

Execute various ad-hoc projects and global projects as required.

Position Requirements
B.S. / B.A. degree in Accounting or Finance is required. Public Accounting experience and/or a CPA is preferred.

Two or more years of public accounting experience
and three or more years of Reinsurance industry experience.

Solid understanding of GAAP and/or Statutory Accounting Principles.

Functional understanding of internal control processes.

Expert knowledge of Excel with experience using pivot tables, v-lookups and data management and presentation (report preparation and related presentation).

Ability to manage multiple projects and priorities simultaneously.

Analytical, business process optimization and change management skills.

Excellent verbal, written and presentation skills are essential.

Team player that can build collaborative working relationships across functional groups.

Experience with at least one general ledger application (PeopleSoft, Oracle, JD Edwards, etc.) and relational database, query and reporting technologies (e.g. Cognos, Crystal, Business Objects, etc.) is most helpful.

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